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Showing 7851 - 7860 of 22800 results for "Funds"

Future Fund delivers 5.8%

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... hence perform resiliently in market downturns, he said. "The correlation is that it can underperform relative to balanced funds in times of boom, like when the stock market is up." The Future Fund now has $147 billion in assets under management. The ...

State government awards super fund mandate

KARREN VERGARA  |  MONDAY, 11 FEB 2019
... NTGPASS, has assets of $526 million. NTGPASS commented: "Statewide was selected from a pool of high calibre superannuation funds following a competitive process." Key to Statewide winning the mandates is a history of providing consistently strong investment ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... they hang up their boots. That's a difference of $567,000. This is because the MySuper options from different super funds can perform differently. As an example, the best-performing default fund hit 7.4% per annum while the worst one only hit 3.2% ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... Similarly, Catholic Super and the Australian Catholic Superannuation and Retirement Fund's $18 billion merger failed because the funds couldn't agree on who would be appointed as the first chair of the merged board. "This conduct of Energy Super and ...

ipac Securities investment leader retires

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... and AXA Asia Pacific. Since then Rogers has been responsible for determining the strategic direction of the ipac suite of funds and played a key role in the development of AMP Capital's goals-based fund range. His responsibilities have been assumed by ...

Hedge fund veteran joins Aura

KARREN VERGARA  |  WEDNESDAY, 6 FEB 2019
Aura Group appointed Damien Hatfield as an executive director to help launch new funds in its alternative assets business. Hatfield is the founder and director of Triple A Partners. He helped set up a hedge funds-of-funds operation at Colonial First ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... cuts last year and MLC's recently accounted cuts. While UBS still sees independent platforms gaining market share in funds under administration, they could face margin compression. "We are relatively more cautious on specialty platform providers ...

Bill Gross announces retirement

JAMIE WILLIAMSON  |  TUESDAY, 5 FEB 2019
... Henderson co-head of global bonds and portfolio manager Nick Maroutsos will become responsible for the Global Unconstrained Bond funds from February 15. From that date, the Global Unconstrained Bond funds domiciled in the US and Ireland will be renamed ...

Superannuation to face BEAR: Hayne

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... integrity, and with due skill, care and diligence. There is no reason why directors and senior executives of superannuation funds should not be subject to similar statutory obligations imposed on members of the board and banking executives by the BEAR ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... calling an end to the vertical integration model - which allows wealth managers to own and operate the entire wealth stack: funds management, financial advice, superannuation and platforms. Responding to the Commissioner's interim report late last ...